An Echelon Media Company
Tuesday May 17th, 2022

Sri Lanka national inflation surges to a 4-year high after money printing

Since inflationary policy began from around August 2019, the food index had risen 28.5-pct

November 23, 2021 2 min read

Sri Lanka central bank appoints four assistant governors

Appointments are effective from November 17

November 21, 2021 7 min read

Sri Lanka closes oil refinery amid money printing, forex shortages

We made this decision to manage limited foreign exchange to import essential foods

November 15, 2021 4 min read

Sri Lanka recalls control-era NM Perera in budget 2022 amid new rubber import control

'Our leaders and financial sector experts have failed to bring a long term programme to manage our foreign reserves'

November 15, 2021 5 min read
Sri Lanka inflation hits 15.1-pct in Feb 2022, a 13-year high

Food prices up 35.3-pct since February 2020 when money printing was ratcheted up

Sri Lanka remittances down 61-pct in January 2022 amid parallel exchange rates

Remittances started to slow down faster from around September

Mobius says central bankers cannot fix economies, Sri Lanka rupee relatively stable

Central bankers cannot solve economic problems and large liquidity injections will lead to devaluations, though most eme...

June 29, 2020 3 min read

Sri Lanka's central bank to guarantee Covid-19 credit

Sri Lanka's central bank said it will guarantee loans given by banks for Coroanvirus affected businesses, from their ow...

June 28, 2020 3 min read

Sri Lanka to monetize billions of rupees of contractor bills

Sri Lanka will turn billions of rupees worth contractors bills due from government into money at 4 percent, by re-financ...

June 28, 2020 5 min read

Sri Lanka CB to pay 38,000 more The Finance depositors from July 02

Sri Lanka's central bank says 38,000 more depositors will be paid out of deposit insurance fund from July 02.

June 27, 2020 3 min read

Sri Lanka injects Rs459bn from Feb 2020, spends US$1.3bn in forex reserves

Sri Lanka's central bank had injected 459 billion rupees in to banking system from late February to avoid selling govern...

June 26, 2020 1 min read

Sri Lanka central bank lists measures taken for Covid-19 relief, money printed for budget

Sri Lanka's central bank has listed measures taken to ease cash pressure on the banking system during the Coronavirus cr...

June 25, 2020 23 min read

Ranee Jayamaha, Samantha Kumarasinghe appointed to Sri Lanka central bank board

Sri Lanka's Constitutional Council had confirmed Ranee Jayamaha, a former Deputy Governor and Samantha Kumarasinghe, a b...

June 25, 2020 1 min read

Sri Lanka to extend exchange controls for six months: Minister

Sri Lanka's cabinet had given approval to extend exchange and import controls for another six months from June 02, to ke...

June 25, 2020 1 min read

Sri Lanka's central bank gives Rs28bn loans from Rs120bn quasi-fiscal Coronavirus re-finance

Sri Lanka's central bank said it had approved 28 billion rupees of subsidized credit to be issued from commercial banks ...

June 25, 2020 3 min read

Sri Lanka's Senior Citizens' incomes will take a hit as interest rates set to fall steeply - Economi...

Sri Lanka’s hundreds of thousands of Senior Citizens who have invested their lives’ savings in Fixed Deposits and ar...

Arjuna Ranawana
June 18, 2020 3 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 365.000 377.4967
UK Pound 467.5760 467.1937
Euro 403.6233 400.9370
Aus Dollar 269.0664 270.5633
Yen 2.9308 2.8886
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6485 4.6497
Korea Won 0.2797 0.2801
Oman Rial 935.0528 935.0528
Saudi Riyal 95.9744 95.9718
UAE Dirham 98.0112 98.0112
Source: Central Bank/Indicative
pts %
S&P SL20 2,669.73 5.52%
CSE All Share 8,156.45 5.18%
Turnover Rs million 2,180,675,756 1,193,171,490
Source: CSE
Latest Last
3-m bill 21.10 20.83
6-m bill 21.68 21.71
12-m bill 22.39 22.41
5-yr bond 21.89 21.27
8-yr bond 21.78 21.60
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka excess liquidity soars to Rs223bn amid rupee fears

Sri Lanka's excess liquidity in money markets soared to a historic high of 223 billion rupees after the statutory reserv...

June 18, 2020 4 min read

Sri Lanka to start more credit schemes with 1.0-pct central bank money

Sri Lanka's central bank said it will issue more new money to banks at 1.0 percent to give loans under credit schemes wh...

June 16, 2020 3 min read

Sri Lanka cuts reserve ratio by 2.0-pct, injects Rs115bn into banks

Sri Lanka has cut the statutory reserve ratio (SRR) reducing the share of deposits that banks have keep in the central b...

June 16, 2020 4 min read

Sri Lanka President slams central bank over Rs150bn quasi-fiscal re-finance

Sri Lanka's President Gotabaya Rajapaksa has slammed central bank over not issuing 150 billion rupees of new money for b...

June 16, 2020 6 min read

Arrest warrants issued against directors of ETI Finance Ltd.

A Colombo Magistrate has issued warrants for the arrest of the Directors of Edirisinghe Trust Investments Finance Ltd., ...

June 16, 2020 2 min read

Sri Lanka private credit tumbles in April 2020, more money printing

Sri Lanka's private credit has tumbled in April 2020 to 13.4 billion rupees from a spike to 120 billion rupees in March ...

June 15, 2020 3 min read

Sri Lanka foreing reserves in May 2020 US$6.4bn, drops $686mn

Sri Lanka's forex reserves dropped 686 million US dollars to 6,493 million US dollars in May 2020 from a month earlier,...

June 14, 2020 3 min read

Sri Lanka central bank not yet trippled Zimbabwe style quasi-fiscal facility

Sri Lanka's central bank has not yet tripled a re-finance (printed money) facility to 150 billion rupees (about 800 mill...

June 12, 2020 3 min read

Sri Lanka import controls, Covid-19 cargo logjam hit apparel exporters

Sri Lanka's apparel exporters are facing difficulties in obtaining essential items for manufacturing due to import contr...

Mahadiya Hamza
June 8, 2020 5 min read

Sri Lanka financial system strong, will prosecute those spreading wrong information: CB Governor

Sri Lanka's banking system is strong despite a rise in bad loans and the central bank will use all tools to maintain fin...

June 7, 2020 7 min read
1 50 51 52 53 54 63